Streetbeat News

Wayfair Inc.

https://www.wayfair.com

Industry

Specialty Retail

Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. The company was founded in 2002 and is headquartered in Boston, Massachusetts.

Open

40.09

Mkt cap

Volume

5.3M

High

42.07

P/E Ratio

-8.92

52-wk high

76.17

Low

39.34

Div yield

N/A

52-wk low

37.60

Wayfair's stock price increased after the company reported its Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:27 pm

Needham analyst Anna Andreeva reiterated a Buy rating on Wayfair (NYSE:W) and maintained a $75 price target.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:07 pm

Wayfair reported Q4 earnings with losses of $(0.11) per share, surpassing the $(0.15) estimate, and sales of $3.114B, slightly above the $3.11B estimate. This marks a significant improvement over last year's losses and a slight increase in sales.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:15 pm

Wayfair Inc. (NYSE:W) shares rose after reporting a Q4 adjusted loss per share of $(0.11), beating Wall Street's expectation of a $(0.16) loss. Q4 revenue was $3.114 billion, a 0.4% increase year over year, slightly above the consensus of $3.106 billion. U.S. net revenue grew by 0.9%, while international net revenue declined by 2.7%. Active customers increased to 22.4 million, and orders delivered rose by 2.7%. The company highlighted a 3% Adjusted EBITDA Margin and positive Adjusted EBITDA and Free Cash Flow for the third consecutive quarter, with a significant improvement in Free Cash Flow by over one billion dollars compared to 2022. Shares surged 8.17% to $52.77.

Portfolio Pulse from Nabaparna Bhattacharya

February 22, 2024 | 3:00 pm

Nvidia's impressive earnings report has sparked optimism in the market, leading to a jump in Nasdaq and S&P 500 futures. Investors are now focused on upcoming economic data, including jobless claims and Fed speeches, to gauge the market's direction. Other stocks mentioned include Five9, Lucid Group, Rivian Automotive, Sunnova Energy, and Sunrun, which moved on their earnings reports. Additionally, several companies are set to report their quarterly results.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 12:23 pm

Wayfair reported Q4 2023 adjusted EPS of $(0.11), surpassing the $(0.16) estimate, but its sales of $3.10B fell short of the $3.11B estimate, marking a slight 0.03% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:01 pm

Earnings reports for various companies are scheduled for February 22, 2024, covering a wide range of industries. These reports include both earnings per share and revenue forecasts, with some companies expected to report losses.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 10:27 am

Wayfair (NYSE:W) is scheduled to release its quarterly earnings report on February 22, 2024, with an expected EPS of $-0.15. Analysts and investors are keen on whether Wayfair will surpass this estimate and provide positive guidance for the next quarter. Historical data shows Wayfair's stock price reacts to both earnings outcomes and forward-looking statements. Last quarter, Wayfair exceeded EPS estimates by $0.35, leading to a 5.21% stock price increase the following day. Over the past year, Wayfair shares have risen by 29.43%, indicating a generally positive trend for long-term investors.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:01 pm

Wedbush analyst Seth Basham has reiterated an Outperform rating on Wayfair (NYSE:W), maintaining a $70 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:26 pm

Raymond James analyst Bobby Griffin upgrades Wayfair (NYSE:W) from Market Perform to Strong Buy and sets a $65 price target.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:12 am

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